$SOMI Long Liquidation: $1.9915K at $0.2621
SOMI records a clean long liquidation at $0.2621, signaling that buyers failed to maintain support as sellers drove price lower and triggered leveraged long positions. This washout reflects weakening bullish momentum, with the market dipping into deeper liquidity and forcing longs to unwind. If downside pressure persists, SOMI may explore lower levels before any potential recovery attempt forms.
EP: $0.2621
TP: $0.25584
SL: $0.26543
With long positions flushed and momentum leaning downward, $SOMI maintains a bearish short-term outlook, favoring continued downside movement unless buyers return with strong conviction.
